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question 11

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Understand the importance of adopting existing technology for the development of developing countries.

Recognize the role of human capital investment in the development process of newly industrialized economies.

Comprehend the economic and social indicators reflecting stages of development among countries.

Identify strategies for developing countries to close the developmental gap with developed countries.

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Definitions:

Net Operating Income

The total profit of a business after subtracting operating expenses but before deducting taxes and interest.

Customers Served

The number of unique clients or customers that a business has provided products or services to within a specific period.

Variance

The difference between planned or expected results and actual results in financial and operational metrics.

Budgeting

The process of creating a plan to spend your money, creating an estimate of revenues and expenses over a specified period.